05-14-2008, 07:59 AM
|
 |
firewalker
is looking for some light at the end of the tunnel...
|
|
|
|
|
|
Some Quotes
|
Quote: |
|
 |
|
|
"A large problem with news releases is the figure is never the whole picture. For an intraday currency trader, I for one do not pay attention to numbers when released because the figure itself is only part of the picture. Many newbies believe if it is X = long and Y = short but it is never that black and white.
How can a home retail trader know the real story and act accordingly. Would a retail trader ever get the release in time in comparison.
Obviously the news affects the price and 99% of the time the end reaction can be foretold to a high degree through technical analysis so from both points of view, for the retail trader, it is better to work purely from the chart IMO." |
|
|
|
|
|
Quote: |
|
|
|
|
I buy Company X as at Y date on the close. The next day the stock goes X dividend and price drops by the requisite amount. The information was not in the chart that it would do that ,it was in knowing that the company was going ex div the next day and you could expect the price to drop.Ergo ,all you needed was not in the chart. |
|
|
|
|
..............
|